In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Sharps Compliance Corp (SMED), with a price target of $5. The company’s shares closed last Monday at $4.10.
According to TipRanks.com, Steinke is a 3-star analyst with an average return of 2.0% and a 56.3% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Cra Internationalinc.
Sharps Compliance Corp has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.
See today’s analyst top recommended stocks >>
Based on Sharps Compliance Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $490K. In comparison, last year the company had a GAAP net loss of $146K.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMED in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sharps Compliance Corp. engages in the provision of waste management services including medical, pharmaceutical, and hazardous. It focuses on developing cost-effective management solutions for medical waste and unused dispensed medications generated by small and medium quantity generators.
